A strong performance on the daily chart for the ftse 100 index which saw the market close at 5366, a gain of 140 points on the day and giving us a wide spread up candle as a result.  This strong bullish signal was in response to yesterday’s hammer candle which hinted at just such a move owing to the depth of wick to the underside of the hammer candle.  In addition this positive signal was further confirmed by the 9 day moving average which provided strong support to the test lower yesterday and gave further evidence of a prospective rally which has duly arrived today.  The issue now is whether the ftse 100 can maintain this impressive momentum and break back above the solid resistance level which is now in place at 5410.  Any clearance here will then provide a solid platform of support which could ee the ftse100 extend its gains up to re-test the underside of an area of price congestion at the 5665 which extends all the way through to 5783 and a clearance here would then open the way to another run at the 6000 price handle in the longer term.  Tomorrow’s price action is therefore critical and for ftse betting the odds are that we could see 5410 breached in the next few days.  However, with trading volumes still remaining relatively light we need to be patient and wait for the break above 5410.